Gallagher Re establishes new European entity for capital market operations

Gallagher Re establishes new European entity for capital market operations | Insurance Business New Zealand

Reinsurance

Gallagher Re establishes new European entity for capital market operations

New division will operate as a subsidiary of the firm’s branch in Paris

Reinsurance

By
Kenneth Araullo

Gallagher Securities, the specialized insurance-linked securities (ILS) and capital markets division of Gallagher Re, has gained approval from both the French Prudential Supervision and Resolution Authority (ACPR) and the Financial Markets Authority (AMF) to establish a new European entity, named Gallagher Securities Europe SAS.

This new entity, operating as a subsidiary of Gallagher Re’s branch in Paris, represents a significant step for Gallagher Securities in reinforcing its global footprint as a financial partner.

Gallagher Securities has also registered its commitment to expanding its international presence. This commitment also aligns with the growing prominence of alternative capital in the reinsurance market. The announcement of Gallagher Securities Europe is a testament to the firm’s ongoing efforts to achieve this objective.

Alexandre Delacroix, Gallagher Re executive director, and the one who leads the international team at Gallagher Securities, will be at the helm of Gallagher Securities Europe.

“The launch of our approved securities entity in France is an exciting and important milestone, making us the first major reinsurance broker with a dedicated capital markets hub in continental Europe,” Delacroix said. “In preparation, we have built a strong capital markets team in Paris, which will grow further as both client demand and investor appetite for alternative capital solutions increases.”

“This is a fantastic pan-European initiative, focused on helping clients access the most effective risk transfer solutions to support their portfolios and strategic priorities,” Gallagher Re EMEA managing director Dirk Spenner said. “Establishing a European hub that brings together our capital markets transaction capabilities in tandem with wider risk management, broking, analytical and advisory services will harness the full power and expertise of Gallagher Re to best meet clients’ evolving needs and deliver on their growth ambitions.”

What are your thoughts on this story? Please feel free to share your comments below.